> Only a minority of people are in such a rush to sell that they are going to sell their house at a loss or even a perceived potential loss vs expected market p

> Only a minority of people are in such a rush to sell that they are going to sell their house at a loss or even a perceived potential loss vs expected market price. Many people are willing to just sit and wait for the right buyer even if it takes years. The people wealthy enough to do this are a small enough group that this cannot have such an outsized effect across the whole market. People typically have to sell their home to afford the one they're moving into, so they can't just sit on it until they get the price they want.